Search Results for: FED
China to Ease Limits on Overseas Investments
May 29th, 2015
Beijing advances goal to make yuan a reserve currency with plan to ease capital controls China’s campaign to turn the tightly controlled yuan into a global currency is crossing a new threshold, as the government plans to make it ...
FOREX-Dollar hits highest vs yen since 2002, Aussie sags on capex disappointment
May 28th, 2015
* USD touches 124.30 yen, highest level since December 2002 * Traders are wary of verbal intervention from Japanese officials * Aussie drops after disappointing capex data The dollar hit its highest since December 2002 against the yen on Thursday ...
RBS Seen Facing $4.5 Billion Tab to Settle U.S. Mortgage Lawsuit
May 27th, 2015
Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities, according to Bloomberg Intelligence. RBS may be closer to JPMorgan ...
Breach at IRS Exposes Tax Returns
May 27th, 2015
Thieves used agency’s online services to get information for about 100,000 households The Internal Revenue Service said Tuesday that identity thieves used one of its online services to obtain prior-year tax return information for about 100,000 U.S. households, a ...
SEC Charges Deutsche Bank With Misstating Financial Reports During Financial Crisis
May 27th, 2015
The Securities and Exchange Commission today charged Deutsche Bank AG with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to be in the ...
Charter Strikes $55 Billion Deal for Time Warner Cable
May 26th, 2015
Including debt, deal is valued at $78.7 billion Charter Communications Inc. has struck a $55 billion cash-and-stock deal for Time Warner Cable Inc., giving cable mogul John Malone the prize he has been chasing for two years. The offer is valued at about $195 a share, ...
The Earned Income Tax Credit
May 26th, 2015
The single largest federal program for providing cash assistance to those with low incomes is the Earned Income Tax Credit, which in 2014 reduced taxes owed by the working poor by about $3.6 billion while transferring to those households ...
Bank of Israel leaves June interest rate unchanged
May 26th, 2015
The Bank of Israel has left the rate unchanged at an historic low of 0.1% for the third consecutive month. The Bank of Israel Monetary Committee headed by Governor Dr. Karnit Flug has kept the interest rate for June unchanged at ...
Asian shares turn higher as China rallies, dollar up
May 26th, 2015
Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session. European shares marked a weak finish in ...
It Is Mathematically Impossible To Pay Off All Of Our Debt
May 25th, 2015
Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the debt of the federal government exceeds $145,000 ...
